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TDSAT asks DoT to approve Airtel-Telenor merger without bank guarantee

April 13, 2018

The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has asked the Department of Telecommunications (DoT) to grant approval to the merger of Airtel and Telenor  without any bank guarantee.

The DoT has asked Bharti Airtel to submit a bank guarantee of around Rs 17 billion before approving its merger with Telenor India. The guarantee included Rs 14.99 billion for one-time spectrum charge and over Rs 2 billion for Telenor’s spectrum payment.

The DoT has also sought an undertaking from Bharti Airtel that the company will be liable to any pending dues with respect to merger of the two companies and all demands which may be raised by any wing of the department for Telenor India.

The merger will bolster Airtel's spectrum footprint in Telenor’s seven circles of operation, with the addition of 43.4 MHz of spectrum in the 1800 MHz band. Telenor India operates in seven circles- Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.


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